Welcome to our dedicated page for Offerpad Solutions news (Ticker: OPAD), a resource for investors and traders seeking the latest updates and insights on Offerpad Solutions stock.
Offerpad Solutions Inc. (NYSE: OPAD) is a tech-enabled platform for residential real estate that regularly issues news on its operations, financing activities, and product initiatives. As a publicly traded company focused on simplifying the home buying and selling experience, Offerpad uses press releases to communicate developments across its real estate platform, asset-light services, and capital structure.
Readers of this OPAD news page can expect updates on quarterly financial results, including metrics such as homes sold, revenue, and non-GAAP measures like Adjusted EBITDA. The company frequently announces liquidity levels, operating expense trends, and commentary from management on platform scalability and long-term growth. These releases often coincide with earnings calls and webcasts for investors.
Offerpad also publishes news about capital raises and securities offerings, such as registered direct offerings of common stock, at-the-market equity programs under its shelf registration statement, and new or amended credit facilities. These announcements describe how proceeds are intended to be used, including working capital, growth initiatives, inventory optimization, and balance sheet strengthening.
In addition, the company issues updates on product and program enhancements across its asset-light services. Examples include enhancements to the HomePro program that streamline assessment workflows and expand seller solution options, as well as milestones for Renovate and Direct+ that highlight demand from institutional partners and improvements in buyer engagement. Leadership changes, such as the appointment of senior executives, are also communicated through formal press releases.
For investors and observers tracking OPAD, this news feed provides a centralized view of Offerpad’s reported progress on its real estate solutions center strategy, its use of proprietary technology, and its evolving mix of services and financing tools. Regularly reviewing these updates can help users understand how the company is positioning its platform and responding to conditions in residential real estate.
Offerpad (NYSE: OPAD), a real estate tech company, has appointed Donna Corley to its Board of Directors. Corley, founder of Guiding Star Advisory, , will serve as Chair of the Audit Committee and member of the Nominating & Governance Committee.
With nearly 30 years of experience in housing and financial services, Corley previously served as executive vice president and head of single-family business at Freddie Mac, where she managed a $2 trillion portfolio. In her role, she led strategy, innovation, and operations.
The appointment aligns with Offerpad's commitment to strengthen its financial foundation and enhance its home buying and selling platform through strategic leadership and oversight.
Offerpad Solutions (NYSE: OPAD) has received notice from the New York Stock Exchange (NYSE) on April 10, 2025, indicating non-compliance with Section 802.01B of the NYSE Listed Company Manual. The company failed to maintain both an average global market capitalization over a 30-day trading period and stockholders' equity above the required $50 million threshold.
The company plans to submit a business plan within 45 days to demonstrate how it will regain compliance within an 18-month cure period. The NYSE will review the plan and determine its acceptance within 45 days of receipt. During this period, OPAD's Class A common stock will continue trading on the NYSE, subject to compliance with other listing standards and periodic review.
Offerpad Solutions (NYSE: OPAD), a tech-enabled residential real estate platform, has scheduled its first quarter 2025 financial results release for Monday, May 5, 2025. The company will host a conference call on the same day at 4:30 p.m. ET / 1:30 p.m. PT to discuss the quarterly results and recent developments. Interested parties can access the webcast through Offerpad's Investor Relations website's events page, with a replay available after the live event concludes.
Offerpad (NYSE: OPAD) reports significant growth in its B2B Renovate program, which has become a major revenue generator. The program, which extends the company's renovation services to institutional investors and local operators, delivered strong Q4 2024 results with 187 completed projects and over $4 million in revenue.
For the full year, the program generated $18 million in revenue, marking a 49% increase year-over-year. The average revenue per renovation doubled from $11,000 to over $22,000, reflecting expanded service offerings and new client acquisitions. The company's partnerships with Freddie Mac and Fannie Mae validate its B2B capabilities.
Offerpad (NYSE: OPAD) reported its Q4 and full-year 2024 results, showing significant improvements in financial performance. The company reduced its net loss by 47% ($55 million) compared to the previous year. Notable achievements include:
The company's Renovate business exceeded $18 million in revenue, growing 49% year-over-year with 1,096 closed projects. The Agent Partnership Program expanded to represent 32% of total acquisitions, up from 21% in the previous year. Operating expenses decreased by 32% to $118.2M, marking a $56.4M improvement from the prior year.
Key metrics include a gross profit per home sold of $26.7k and contribution profit after interest per home sold of $11.5k. Time to cash improved by 23 days (18%) to 116 days year-over-year.
Offerpad Solutions (NYSE: OPAD), a tech-enabled residential real estate platform, has announced its participation in the upcoming Citizens JMP Technology Conference. Chairman and CEO Brian Bair will participate in a fireside chat scheduled for 9:30 pm PT on Monday, March 3, 2025. The event will be accessible via live webcast through the 'Events & Presentations' section of Offerpad's Investor Relations website, with a replay available afterward.
Offerpad Solutions (NYSE: OPAD), a tech-enabled platform for residential real estate, has announced it will release its fourth-quarter and full year 2024 financial results on Monday, February 24, 2025. The company will host a conference call at 4:30 p.m. ET / 1:30 p.m. PT on the same day to discuss the results and recent developments. Investors can access the webcast through Offerpad's Investor Relations website's events page, with registration available for interested parties. A replay of the event will be made available on the company's Investor Relations website after the live webcast concludes.
Offerpad (NYSE: OPAD) has launched PriceLock, a new service that guarantees homeowners their final selling price at contract signing, eliminating uncertainty and protecting against unexpected price reductions. The process includes:
1. Requesting and receiving an estimated cash offer within minutes
2. Scheduling a home inspection, available as soon as the next day
3. Confirming and locking the purchase price after inspection
4. Choosing a preferred closing date
5. Receiving a free local move within 50 miles
The free moving service applies to homes up to 2,800 sq. ft and 13,000 lbs, with additional charges possibly applying beyond these limits.
Offerpad (NYSE: OPAD) reported Q3 2024 financial results with revenue of $208.1M, down 17% quarter-over-quarter. The company improved net loss by 32% and adjusted EBITDA by 53% year-over-year. Gross profit per home sold was $27,900, while contribution profit after interest per home stood at $12,400. Total operating expenses decreased 40% from prior year to $26.1M. The company sold 615 homes, down 17% from Q2, and acquired 422 homes, a 49% decrease. Cash and cash equivalents ended at $48.5M. For Q4 2024, Offerpad expects to sell 480-540 homes with revenue between $160M-$185M.